World oil price today
At the end of a trading week, WTI crude oil was at 71.00 USD/barrel last weekend, down to 70.74 USD/barrel this weekend. Overall last week, WTI crude oil decreased slightly by 0.26 USD/barrel, equivalent to a decrease of 0.36% compared to last week.
Brent oil was at 74.66 USD/barrel last weekend, slightly increasing to 74.74 USD/barrel this weekend. Overall last week, Brent oil increased by 0.08 USD/barrel, equivalent to an increase of 10% compared to last week.
Thus, world oil prices this week fluctuated in different directions after decreasing for the previous 3 consecutive weeks.
According to analysts, world oil prices tend to decrease ahead of the prospect of a peace agreement between Russia and Ukraine that could ease global supply disruptions by ending sanctions against Moscow.
Limiting the decline in oil prices is information about the US postponing the imposition of tariffs. This has paved the way for oil prices to recover as the risk environment warms along with the prospect of reaching a trade consensus.
Domestic gasoline prices today
On February 16, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities are applying) are as follows:
The above domestic retail price of gasoline and oil was adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of February 13, 2025. Accordingly, E5 RON 92 gasoline price increased by 156 VND/liter, RON 95-III gasoline increased by 146 VND/liter, diesel increased by 19 VND/liter, kerosene increased by 59 VND/liter, mazut increased by 425 VND/kg.
Today's gasoline discounts
The discount prices of gasoline products today, February 16 at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,300 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,250 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,150 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,000 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,150 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,250 VND/liter; Diesel 0.001S-V: 1,200; RON 95 - III gasoline: 1,200 VND/liter; E5 gasoline: 1,150 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: 1,250 VND/liter; E5 Petroleum: 1,050 VND/liter; Diesel 0.05S-II: 1,400 VND/liter. Applicable to the Northern region.
Forecast of domestic gasoline prices in the coming period
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, gasoline prices may decrease slightly.
Today's gasoline and oil prices are for reference only and may change according to market reality.
Refer to more articles on gasoline prices HERE.
